Archive for the ‘Chart School’ Category

Banks Sending Warning Sign To Broad Markets Again?

Courtesy of Chris Kimble.

The financial / banking sector is often a good barometer of the economy and broader stock market.

So when the Bank Index (BKX) began to lag late last summer, it was an early warning sign for investors.

Looking at the chart below, we can see that the banks spilled lower with the December correction. That final swoon lower was set up by a bearish reversal candlestick (1).

Well, the recent rally has brought stocks back up to the scene of that crime! That area is marked by strong horizontal resistance.

Are banks creating a similar reversal pattern right now?

Check out Tuesday’s reversal candle at resistance (2). Will this time be different? Stay tuned!

This article was first written for See It Markets.com. To see original post CLICK HERE

To become a member of Kimble Charting Solutions, click here.





Germany-Monster Bearish Reversal This Week?

Courtesy of Chris Kimble.

Is the DAX creating a large bearish reversal pattern this week that could send a concerning message to stock bulls in the states? Yes!

This chart of the DAX from Germany reflects that it has spent the majority of the past 7-years inside of a rising channel. The DAX looks to have created a double top last year as it kissed the underside of the rising channel. After the double top, a bearish divergence with the S&P 500 has been taking place.

The bottom of the channel was hit around Christmas, where a counter-trend rally now has it testing the top of the falling channel (1) at (2).

While testing the top of this channel, this week the DAX looks to be creating a “Large Bearish Reversal Pattern” (bearish wick) at (3).

If the DAX is creating a bearish reversal pattern and starts selling off at (3), it would send a concerning message to the bull case for stocks in the states!

To become a member of Kimble Charting Solutions, click here.





Financials About To Let Down The Bull Market Again?

Courtesy of Chris Kimble.

If the saying So Goes The Banks, So Goes The Broad Market is true, what message are we receiving when financials have lagged the broad market for over a year?

This 2-pack looks at the XLF/SPX and EUFN/XLF ratios over the past couple of years.

The XLF/SPX ratio has created a series of lower highs for the past 12-months after peaking at (1). The EUFN/XLF ratio has created a series of lower highs for the past 18-months after peaking at (2). These falling trends look to be sending a negative divergence message to the broad markets if one believes that banks are important for bull markets.

Each ratio is near falling resistance at each (3). Stock bulls would receive a positive message from financials if both breakout. Stock bears would receive a positive message if both turn lower at the falling resistance lines.

As the S&P, NDX, and Dow are near breakout tests of last years all-time highs, what these ratios do at each (3) will most likely send an important message to stocks in the states and Europe.

To become a member of Kimble Charting Solutions, click here.





RTT browsing latest..

Courtesy of Read the Ticker.

rtt-browsing-latestPlease review a collection of WWW browsing results. The information here is delayed by a few months, members get the most recent content.

Date Found: Thursday, 20 September 2018, 03:14:19 PM

Click for popup. Clear your browser cache if image is not showing.

Comment: Money rushing into US only stocks IS NEVER A GOOD SIGN, as the informed money now have a uniformed buyer to sell too!

Date Found: Sunday, 23 September 2018, 03:02:29 PM

Click for popup. Clear your browser cache if image is not showing.

Comment: Hedge Fund Legend Ray Dalio On The Economy Boom and bust youtu.be/5C43i3yclec

Date Found: Sunday, 23 September 2018, 03:47:43 PM

Click for popup. Clear your browser cache if image is not showing.

Comment: Identifying the Building Blocks of the Next Financial Crisis youtu.be/Gc0Z5hp5h74

Date Found: Sunday, 23 September 2018, 03:58:58 PM

Click for popup. Clear your browser cache if image is not showing.

Comment: JIM ROGERS – 18 Sep 2018 – Washington Is The Big Market Risk Right Now! This how you get rich! youtu.be/6UxzOJ8eJcY

Date Found: Monday, 24 September 2018, 08:25:58 PM

Click for popup. Clear your browser cache if image is not showing.

Comment: TRADING LEGENDS – Anton Kreil’s Interview with Ben Berggreen youtu.be/KRUlMz2lsqA

Date Found: Wednesday, 26 September 2018, 04:29:15 PM

Click for popup. Clear your browser cache if image is not showing.

Comment: Guggenheim’s Scott Minerd: My Dire Forecast For Financial Markets | CNBC 40% pullback in stocks youtu.be/GKOWTB3zKTE

Date Found: Saturday, 29 September 2018, 01:34:17 PM

Click for popup. Clear your browser cache if image is not showing.

Comment: Are the FAANG stocks about to collapse under their own weight? – MarketWatch

Date Found: Sunday, 30 September 2018, 11:19:40 PM

Click for popup. Clear your browser cache if image is not showing.

Comment: Algos Have Taken the Rhythm Out of the Market | Stanley F. Druckenmiller… youtu.be/ukH6RloCWzI

Date Found: Tuesday, 02 October 2018, 03:00:20 PM

Click for popup. Clear your browser cache if image
continue reading





Weekly Market Recap Mar 17, 2019

Courtesy of Blain.

A very good week for market bulls as the prior week’s selling was all reversed.  Last week we asked how many times can we rally on the same Federal Reserve juice.  It seems indefinitely.  Jerome Powell went on ’60 Minutes’ and talked dovish – that sparked a big rally Monday and it continued all week.  The only down day all week was Thursday when the progress on the U.S. – China trade deal seemed to hit a delay.

A meeting between President Donald Trump and Chinese President Xi Jinping will be delayed until at least April, Bloomberg News reported, indicating that a bilateral trade deal will not be finalized this month.  The news comes after Trump told reporters in the White House on Wednesday that he was in no rush to strike a trade agreement.

For the week, the S&P 500 added 2.9% and the NASDAQ rocketed 3.8%.

There had been a massive reversal a week ago Friday in the Chinese market, but it held in pretty well this week after a big move up.  This is an interesting chart to watch as all signs point to a slowdown in their economy but their central regulators are trying to juice the system as well.

Investors digested comments from Chinese Premier Li Keqiang, Beijing’s No. 2 leader after President Xi Jinping, who expressed optimism that a trade deal between China and the U.S. can be achieved that suits both parties.  Li also addressed weakness in the world’s second-largest economy and pledged to maintain strong stimulus measures, such as lowering interest rates, cutting bank reserve ratios, and slashing taxes for consumers and businesses.

Here is the 5 day weekly intraday chart of the S&P 500 … not via Jill Mislinski.

The week ahead…

The Federal Reserve’s two-day meeting hits March 19-20 – nothing but cheering for markets going up and more “patience” expected.

“The Fed is on pause and we don’t expect any major change to Fed Policy next week,” Ryan Detrick, senior market strategist…
continue reading





Germany Breakout Bullish For Stocks In The States!

Courtesy of Chris Kimble.

An important message to stocks in the states will come from Germany in the next few weeks!

This chart looks at the DAX index from Germany over the past 10-years. For the majority of the past 6-years, the DAX has remained inside of rising channel (1). The 2018 decline saw the DAX hit support where a 1-year counter-trend rally started.

Over the past year, the DAX has created a new falling channel (2). It is now testing the top of this falling channel and the lows of last February at (3).

For most of last year, the DAX created a bearish divergence with the S&P 500 after the January highs.

What the DAX does at (3), should send important clues to what the next big move for stocks in the states will be. If the S&P 500 is to have a chance to test last years highs, odds are good it needs to see the DAX breakout at (3)!!!

Keep a close eye on the DAX in the next few weeks friends.

To become a member of Kimble Charting Solutions, click here.





Wyckoff Price Thrust Measure

Courtesy of Read the Ticker.

wyckoff-price-thrust-measureRichard Wyckoff said in his last days as an educator,’follow the waves’. And an important measure of those waves is the ‘thrust’. The thrust of price into new ground, considering price and volume support or lack of it. The price wave thrust is clear visual presentation of the composite man demand or supply characteristics: strong, mild, weak or confused. 



readtheticker.com favored trend tool named RTTTrendStatus sister indicator RTTTrendThrust shows off Wykcoff measure of price thrust. RTTTrendThrust can be used to assist mechanical trading systems (like lower time frame Stochastic(10,3,3) on higher time frame Stochastic(10,3,3)).



A video to explain in more detail. 








Here are the demo charts in the video



Click for popup. Clear your browser cache if image is not showing.

Wyckoff Thrust




A wider view





Click for popup. Clear your browser cache if image is not showing.

Wyckoff thrust apple





Fundamentals are important, and so is market timing, here at readtheticker.com we believe a combination
of Gann Angles,
Cycles,
Wyckoff and
Ney logic
is the best way to secure better timing than most, after all these methods have been used successfully for 70+ years. To help you applying Richard Wyckoff and Richard Ney logic
a wealth of knowledge is available via our RTT Plus membership.




NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net



Investing Quote…



..”Money cannot consistently be made trading every day or every week during the year”..



Jesse Livermore Trading Rule







..“Bull markets are born on pessimism, grow on scepticism, mature on optimism and die of euphoria.”..



John Templeton





..”Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it”..



Warren Buffett





..”It’s easier to fool people, than to convince them they have been fooled”..



Mark Twain





..”Earnings don’t move the overall market; it’s the Federal Reserve Board… focus on the central banks and focus on the movement of liquidity… most people in the market are looking for earnings and conventional measures. It’s liquidity that moves markets”…



Stan Druckenmiller











Doc Copper Peaking? Signaling Economic Weakness Ahead?

Courtesy of Chris Kimble.

Is Doc Copper suggesting that economic weakness is around the corner? Possible

Doc Copper has created a series of lower highs and lower lows over the past 9-years inside of falling channel (1).

Last year Copper looks to have double topped at 2014 highs and the top of the falling channel at (2). The counter-trend rally over the past few months has it testing last years support as new resistance at (3).

If Doc Copper peaks here and starts heading lower, it could very well be hinting of economic weakness in the near future.

If interest rates and Doc Copper fall in unison, odds increase they are suggesting a softer economy is ahead. Keep a close eye on both friends!!!

To become a member of Kimble Charting Solutions, click here.





RTT browsing latest..

Courtesy of Read the Ticker.

rtt-browsing-latestPlease review a collection of WWW browsing results. The information here is delayed by a few months, members get the most recent content.

Date Found: Friday, 31 August 2018, 04:37:11 AM

Click for popup. Clear your browser cache if image is not showing.

Comment: FACE Interview July 26th 2018 $SPX David Builds the Bear Case for an Oct 2018 crash youtu.be/Y0B9taUh2rk

Date Found: Friday, 31 August 2018, 11:41:23 PM

Click for popup. Clear your browser cache if image is not showing.

Comment: WOW

Date Found: Sunday, 02 September 2018, 01:51:10 AM

Click for popup. Clear your browser cache if image is not showing.

Comment: WOW

Date Found: Monday, 03 September 2018, 05:55:15 PM

Click for popup. Clear your browser cache if image is not showing.

Comment: Dave Skarica: Strong Dollar Will Continue Crushing Emerging Markets youtu.be/zsBEk-bjzCM

Date Found: Monday, 03 September 2018, 07:00:26 PM

Click for popup. Clear your browser cache if image is not showing.

Comment: Warming Up!

Date Found: Tuesday, 04 September 2018, 08:26:37 PM

Click for popup. Clear your browser cache if image is not showing.

Comment: CNN Money: Jim Rickards on Russia’s Gold Reserves – August 26, 2018 youtu.be/TXcLQWfe5x4 Bitcoin will be state payments, litecoin will be people payments, no one will trust government crypto

Date Found: Wednesday, 05 September 2018, 04:28:03 PM

Click for popup. Clear your browser cache if image is not showing.

Comment: This Is It for Silver | David Morgan Bottom is in, on the recent spike youtu.be/XWsdiNF6F-s

Date Found: Friday, 07 September 2018, 11:43:46 PM

Click for popup. Clear your browser cache if image is not showing.

Comment: David Rosenberg US Wage growth accelerates to a nine-year high but the clue for more pick-up comes from the quit rate — it soared to an 18-year high. Fed ain’t done.

Date Found: Saturday, 08 September 2018, 10:38:16 PM

Click for popup. Clear your browser cache if image is not showing.

Comment: Australian housing market – property Bubble & Banks, 2018 Insights youtu.be/0lrdxpKPocY
continue reading





Junk Bonds and S&P Testing Critical Breakout Levels!

Courtesy of Chris Kimble.

Junk Bonds and the S&P 500 are both facing key breakout tests at the same time. What each does at these key price points could well determine if the S&P 500 will have the strength to retest last years all-time highs.

This chart looks at Junk Bond ETf (JNK) and the S&P 500 over the past few months. The rally off the December lows has each testing popular Fibonacci retracement levels and resistance tests at the same time.

The bullish case for stocks would receive short-term positive news if both break above these important price zones.

The one thing the bullish case wants to avoid? Both creating reversal patterns as the Fib levels are being tested. What both do here should send important short-term messages to the bullish case for stocks.

To become a member of Kimble Charting Solutions, click here.





 
 
 

Phil's Favorites

Small brewers show how craft principles could reshape the economy - but they're under threat

 

Small brewers show how craft principles could reshape the economy – but they're under threat

shutterstock.

Courtesy of Maikel Kuijpers, Leiden University; Catalin Popa, Leiden University, and Jochem Kroezen, Cambridge Judge Business School

Our economy currently relies heavily on unsustainable industrial principles of mass scale, never-ending growth and throwaway consu...



more from Ilene

Zero Hedge

Dollar, Bond Yields Plunge As Fed Folds

Courtesy of ZeroHedge. View original post here.

The Fed surprised dovishly and markets are reacting as expected...

The Dollar is getting hammered...

Treasury yields are tumbling - 30Y back below 3.00%...

Following the lower trajectory of The Fed's rate path...

And stocks are bid...

...



more from Tyler

ValueWalk

Feds Last Weapon ... "Empty Words"

By CapitalTrading. Originally published at ValueWalk.

The all-powerful FOMC meets and will provide us with mostly conjecture as to their continued waffle of a monetary policy. It was just a few months ago the FOMC was calling for 4 rate hikes in 2019, my how things have changed, we will be lucky to get one. The combination of balance sheet reduction and lack of global real sustainable growth has led the FOMC to produce nothing short of one’s tail between the legs. Defeated and dejected and spit out of the mouth of the even more powerful global bond markets, who have most certainly called the Fed’s bluff on their rate hikes. What do we mean? Well the yield curves have steepened and 10yr yields have consistently tested ...



more from ValueWalk

Kimble Charting Solutions

Banks Sending Warning Sign To Broad Markets Again?

Courtesy of Chris Kimble.

The financial / banking sector is often a good barometer of the economy and broader stock market.

So when the Bank Index (BKX) began to lag late last summer, it was an early warning sign for investors.

Looking at the chart below, we can see that the banks spilled lower with the December correction. That final swoon lower was set up by a bearish reversal candlestick (1).

Well, the recent rally has brought stocks back up to the scene of that crime! That area is marked by strong horizontal resistance.

Are banks creating a similar reversal ...



more from Kimble C.S.

Insider Scoop

Sage's First-Of-Its-Kind Postpartum Depression Drug Clears FDA Hurdle: What You Need to Know

Courtesy of Benzinga.

Shares of mid-cap biotech SAGE Therapeutics Inc (NASDAQ: SAGE), which focuses on therapies for central nervous system disorders, were trading higher Wednesday.

What Happened

Sage ...



http://www.insidercow.com/ more from Insider

Chart School

RTT browsing latest..

Courtesy of Read the Ticker.

Please review a collection of WWW browsing results. The information here is delayed by a few months, members get the most recent content.



Date Found: Thursday, 20 September 2018, 03:14:19 PM

Click for popup. Clear your browser cache if image is not showing.


Comment: Money rushing into US only stocks IS NEVER A GOOD SIGN, as the informed money now have a uniformed buyer to sell too!



Date Found: Sunday, 23 September 2018, 03:02:29 PM

Click for popup. Clear your browser cache if image is not showing.


Comment: Hedge Fund Legend Ray Dalio On The Economy...



more from Chart School

Biotech

Marijuana is a lot more than just THC - a pharmacologist looks at the untapped healing compounds

Reminder: We are available to chat with Members, comments are found below each post.

 

Marijuana is a lot more than just THC - a pharmacologist looks at the untapped healing compounds

Assorted cannabis bud strains. Roxana Gonzalez/Shutterstock.com

Courtesy of James David Adams, University of Southern California

Medical marijuana is legal in 33 states as of November 2018. Yet the federal government still insists marijuana has no legal u...



more from Biotech

Digital Currencies

Facebook's cryptocurrency: a financial expert breaks it down

 

Facebook's cryptocurrency: a financial expert breaks it down

Grejak/Shutterstock

Courtesy of Alistair Milne, Loughborough University

Facebook is reportedly preparing to launch its own version of Bitcoin, for use in its messaging applications, WhatsApp, Messenger and Instagram. Could this “Facecoin” be the long-awaited breakthrough by a global technology giant into the lucrative market for retail financial services? Or will...



more from Bitcoin

Members' Corner

Despacito - How to Make Money the Old-Fashioned Way - SLOWLY!

Are you ready to retire?  

For most people, the purpose of investing is to build up enough wealth to allow you to retire.  In general, that's usually enough money to reliably generate a year's worth of your average income, each year into your retirement so that that, plus you Social Security, should be enough to pay your bills without having to draw down on your principle.

Unfortunately, as the last decade has shown us, we can't count on bonds to pay us more than 3% and the average return from the stock market over the past 20 years has been erratic - to say the least - with 4 negative years (2000, 2001, 2002 and 2008) and 14 positives, though mostly in the 10% range on the positives.  A string of losses like we had from 2000-02 could easily wipe out a decades worth of gains.

Still, the stock market has been better over the last 10 (7%) an...



more from Our Members

Mapping The Market

It's Not Capitalism, it's Crony Capitalism

A good start from :

It's Not Capitalism, it's Crony Capitalism

Excerpt:

The threat to America is this: we have abandoned our core philosophy. Our first principle of this nation as a meritocracy, a free-market economy, where competition drives economic decision-making. In its place, we have allowed a malignancy to fester, a virulent pus-filled bastardized form of economics so corrosive in nature, so dangerously pestilent, that it presents an extinction-level threat to America – both the actual nation and the “idea” of America.

This all-encompassing mutant corruption saps men’s souls, crushes opportunities, and destroys economic mobility. Its a Smash & Grab system of ill-gotten re...



more from M.T.M.

OpTrader

Swing trading portfolio - week of September 11th, 2017

Reminder: OpTrader is available to chat with Members, comments are found below each post.

 

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...



more from OpTrader

Promotions

Free eBook - "My Top Strategies for 2017"

 

 

Here's a free ebook for you to check out! 

Phil has a chapter in a newly-released eBook that we think you’ll enjoy.

In My Top Strategies for 2017, Phil's chapter is Secret Santa’s Inflation Hedges for 2017.

This chapter isn’t about risk or leverage. Phil present a few smart, practical ideas you can use as a hedge against inflation as well as hedging strategies designed to assist you in staying ahead of the markets.

Some other great content in this free eBook includes:

 

·       How 2017 Will Affect Oil, the US Dollar and the European Union

...

more from Promotions





About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

Learn more About Phil >>


As Seen On:




About Ilene:

Ilene is editor and affiliate program coordinator for PSW. She manages the site market shadows, archives, more. Contact Ilene to learn about our affiliate and content sharing programs.

Market Shadows >>